New Member

Primary residence (with basement suite) is now a rental. Not sure how to claim the change as the property was not originally purchased by the current owners.

Really confused about this having to "sell" the principal residence for tax purposes.. How do we repurchase it on Turbotax? Really confused how this isn't an error.. it's a income property and we sold in the same year.. won't that be a disaster in 2018 taxes when we continue to make income from it?